Despite the fact that Nvidia has reported record revenue in Q1, things are not looking well in the future for the tech giant.
Real-time gross settlement system Ripple will consider going public with an IPO after it ends its current legal tussle with the SEC, according to Brad Garlinghouse.
Initially, Musk was committed to paying $27.3 billion in cash for the takeover. Now, as he increased this sum to $33.5 billion, the amount of debt he will have to take on from banks is lower.
Jack Dorsey’s stepping down comes as per their scheduled plan. On the other hand, Twitter investors have voted to oust Musk’s ally Egon Durban to keep him out of any further decision-making in the Twitter deal.
Andreessen Horowitz said approximately $1.5 billion of the new funds will be invested in startups at the seed fund stage while the remaining $3 billion will serve as venture investments.
Kawasaki, a Japanese public multinational corporation manufacturer of motorcycles has become the new customer for Microsoft’s industrial metaverse.
The revelation that Snap would not hit some of its own revenue and income forecasts caused drops in the S&P 500 and Nasdaq indexes.
Snap CEO Evan Spiegel sent the digital advertising space into a tailspin and social media stocks down with a bad earnings report forecast.
The biggest investor in the funding round has been Andreessen Horowitz (or a16z). Other investors included General Catalyst, Samsung Next, Invesco Private Capital, and more.
The company has been recording more losses as Bitcoin’s price has plummeted more than 50% from its record high.
Volkswagen CEO Herbert Diess stated at the WEF that the company’s EV sales will overtake Tesla numbers in three years.
As the crypto market slumps further, Coinbase shares are down to almost their all-time lows of about $65.
While the reality has dawned on Snap, the company is exploring avenues to cut down its expenses in a bid to come out of the current crisis stronger.
Zoom manages to deliver better earnings than Street estimates while also sharing a positive growth outlook for the second quarter.
Several crypto companies advertising their wares took the stage at this year’s World Economic Forum in Davos despite the recent market crash.